NEW YORK, May 4, 2017 /PRNewswire/ --
Stock-Callers.com today scans the performances of these Specialty Chemicals companies: Axalta Coating Systems Ltd (NYSE: AXTA), Green Plains Inc. (NASDAQ: GPRE), Westlake Chemical Corp. (NYSE: WLK), and Methanex Corp. (NASDAQ: MEOH). According to Deloitte's "2017 Global Chemical Industry Mergers and Acquisitions Outlook" report, global chemical mergers and acquisitions activity is expected to increase in 2017, but geopolitical factors, such as protectionism, could pose a challenge to achieving the levels of record activity the industry experienced in 2015 and 2016. Sign up today and download for free the research reports for the stocks covered today at:
Axalta Coating Systems
Philadelphia, Pennsylvania headquartered Axalta Coating Systems Ltd.'s stock finished Wednesday's session 0.87% lower at $30.92, with a total trading volume of 1.35 million shares. The Company's shares have advanced 5.13% in the previous three months and 13.68% since the start of this year. The stock is trading 8.80% above its 200-day moving average. Additionally, shares of Axalta Coating Systems, which through its subsidiaries, manufactures, markets, and distributes coatings primarily for the transportation industry, have a Relative Strength Index (RSI) of 46.58.
On April 21st, 2017, research firm Instinet downgraded the Company's stock rating from 'Buy' to 'Neutral'.
On May 02nd, 2017, the Company announced that it will host a press conference and offer tours of its extensive new Customer Experience Center on May 16th, 2017, from 9:00 a.m. to 12:00 p.m. Charlie Shaver, Axalta Chairman and CEO, and Michael Carr, Axalta President-North America, will officiate with scheduled special guests Jeff Gordon, four-time NASCAR® Cup Series champion, and Rick Hendrick, owner of 12-time Cup champions Hendrick Motorsports. AXTA complete research report is just a click away at:
On Wednesday, shares in Omaha, Nebraska headquartered Green Plains Inc. recorded a trading volume of 1.01 million shares, which was above their three months average volume of 874,550 shares. The stock ended the session 2.37% lower at $24.75. The Company's shares have advanced 9.03% in the previous three months. The stock is trading 5.15% above its 50-day moving average and 0.44% above its 200-day moving average. Moreover, shares of Green Plains, which produces, markets, and distributes ethanol in the US and internationally, have an RSI of 57.80.
On April 26th, 2017, Green Plains announced that its subsidiary, Green Plains Cattle Company, has entered into an asset purchase agreement to acquire two cattle-feeding operations from Cargill for $36.7 million, excluding working capital. The transaction includes feed yards located in Leoti, KS and Yuma, CO, and will add capacity of 155,000 head to the Company's operations. The complimentary report on GPRE can be downloaded at:
Houston, Texas headquartered Westlake Chemical Corp.'s shares closed the day 2.66% lower at $62.62. The stock recorded a trading volume of 1.33 million shares, which was higher than its three months average volume of 906,000 shares. The Company's shares have gained 12.18% on an YTD basis. The stock is trading 10.56% above its 200-day moving average. Additionally, shares of Westlake Chemical, which manufactures and markets basic chemicals, vinyls, polymers, and building products, have an RSI of 42.74.
On May 02nd, 2017, Westlake Chemical announced Q1 2017 earnings results. Net income for the three months ended March 31st, 2017 were $138.2 million, or $1.06 per diluted share, on net sales of $1,942.6 million; net cash provided by operating activities was $157.4 million; capital expenditures were $134.3 million; and EBITDA was $390.6 million. Sign up for your complimentary report on WLK at:
Shares in Vancouver, Canada headquartered Methanex Corp. finished 2.22% lower at $44.00. The stock recorded a trading volume of 1.13 million shares, which was higher than its three months average volume of 868,010 shares. The Company's shares have advanced 1.06% on an YTD basis. The stock is trading above its 200-day moving average by 10.04%. Furthermore, shares of Methanex, which produces and supplies methanol in North America, the Asia Pacific, Europe, and South America, have an RSI of 37.88.
On April 27th, 2017, Methanex announced that its Board of Directors has declared a quarterly dividend of $0.30 per share. The dividend will be payable on June 30th, 2017, to holders of common shares of record on June 16th, 2017.
On April 28th, 2017, research firm TD Securities upgraded the Company's stock rating from 'Hold' to 'Buy'. Download the research report for free on MEOH at:
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